Client funds are held separately from the company’s operating accounts. Founded in 2007, LimeFx is a veteran of the forex and CFD industry. There is some great educational content on the LimeFx blog, covering practical topics like how to set up your MT4 platform professionally and what the MACD indicator is.
Copy Trading from LimeFx
Providing brokerage services in Latin America, Asia and CIS, limefx review focuses on offering high-quality services and comprehensive support to its clients and partners. Our professional team is committed to finding innovative solutions and introducing new technologies so that LimeFx clients from all over the world could get the best trading conditions. Our experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. A demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo account, they can easily switch to a live version.
Open a Standard account
Unfortunately, we do not provide services to citizens and residents of this country. LimeFx earned the highest score in the research category with a blend of actionable in-house analysis, innovative tools, and trade ideas from Autochartist. I rate the research offering at LimeFx as above average for the industry. The LimeFx web platform includes popular features like one-click trading, trading from the chart, and watchlists.
Why is it important to know where your broker subsidiary (entity) is regulated?
Traders can choose from various account types, including an ECN account with floating spreads starting from 0 pips. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.
What is the minimum deposit for LimeFx?
He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. Based offshore, LimeFx offers the advantages of high leverage, a wide range of deposit and withdrawal methods, and an easy sign-up process. However, this comes with the risks of a lightly regulated broker. LimeFx could improve by offering private account insurance from Lloyds of London and cutting their withdrawal fees. LimeFx supports many payment providers, making depositing and withdrawing from your brokerage account a snap.
Where is LimeFx based?
My email inquiries were answered almost immediately, and the live chat support was reliable. LimeFx has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds. Such rapid execution speeds are made possible thanks to No Dealing Desk technology, trading servers in one data center with liquidity providers, and advanced order routing technologies.
LimeFx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. More in-depth analysis is available in the Main Trade Ideas section of the website. Here, in-house analysts cover major markets from a mostly fundamental perspective. The content provides trade ideas with a long or short bias, along with suggested take profit and stop loss levels.
While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card. LimeFx offers the popular MetaTrader 4 and MetaTrader 5 platforms and an intuitive web-based platform. MetaTrader provides robust charting, and a wide range of order types, and can cater to algorithmic traders. The LimeFx lineup of platforms can cater to both beginners and advanced traders.
As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. Overall, my experience with customer support at LimeFx was positive and better than average for the industry. Help is available in multiple languages to assist clients across various global regions.
Here, we focus on the broker’s longevity in business, company size, and the level of transparency they provide with readily available information. We’re committed to continuously improving our products and services, as evidenced by multiple international awards. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. MT5 offers advanced trading functions and superior tools for comprehensive price analysis, algorithmic trading and copy trading. It offers a perfect combination of convenience and functionality.
- LimeFx has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal.
- Via the Standard Account, the spreads at LimeFx could be more competitive.
- The developer, LimeFx Ltd., indicated that the app’s privacy practices may include handling of data as described below.
- Overall, I judged that there is room for improvement in transparency.
The developer, LimeFx Ltd., indicated that the app’s privacy practices may include handling of data as described below. The sentiment indicator uses data from the LimeFx client base to show the buyer-seller ratio for each trading instrument. A reading of less than 30 indicates that it is oversold, and one of over 70 suggests that it is overbought. LimeFx provides a steady flow of market-moving stories via the FXStreet Newswire published on the website.
Traders can access a wide range of crypto pairs, and deposits and withdrawals are available in cryptocurrencies. By continuing to browse this website, you agree to our Cookie policy. The FAQ, which forms part of the Knowledge Base, is in-depth and covers questions relating to complex topics like copy trading and expert advisors. Questions beginners may have relating to the CFD market, MetaTrader basics, and trading, in general, are also addressed. LimeFx provides free trading signals from third-party Autochartist. Autochartist automatically identifies chart patterns and key price levels, using this information to predict the most likely direction of the trend.
Competitive trading conditions are available via the ECN account type, allowing active traders to keep costs to a minimum. The MetaTrader 5 mobile app also provides many order types, including https://limefx.vip/ pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone.